There is a chance they could decline to record lows, worse than seen in previous housing market crashes. And since theres still a shortage of homes for sale and strong demand, prices are up in 2022. .
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6 in 2023, before they begin to fall again.
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. Average house prices are now seven times the average income and would be up to 25 higher had the Central Bank not imposed tough post-crash mortgage rules, the report says.
However, this marks a 0. They claim that the average home value will be 400,000 by the end of 2022. Housing Market Predictions 2022 Will It Drop 10 Min Read Jul 11, 2022 By Ramsey Solutions The real estate market&x27;s not crashing.
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